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Sold on 11/01/2024

521-523 3rd St, Lacon, IL 61540

$254,000

Last sold 11/01/2024 for $335K

  • —

    bed

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    bath

Multi-family not for sale
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About 521-523 3rd St

Property type Multi-family
Neighborhood
Year built 1972
HOA fee $0/month
Lot size 0.25 Acre
Movoto estimate
Property description
Attention Investors! 2 four unit buildings(8 total units) available in Lacon. Amenities include; partial brick front, new roofs(2021 and 2022), replacement windows, off street parking, all units are identical 2 bedroom floor plans, all have central air, tenants pay their own electric, many long term tenants, great potential for higher rents, gross rents of over $53,000 per year. Unit #W1 in building 521 recently went vacant and can be shown(asking $700 rent). Agent interest. $339,900
Listed by
Listing Office - Jim Maloof Realty, Inc.
Source: RMLS Alliance mls logo
MLS#PA1252803 • last updated 1 year ago
Movoto checked RMLS Alliance for data 12 minutes ago
Overview
Heating Electric, Central Air, Electric Water Heater
Levels/Style Apartment Building
MLS # PA1252803
Status Sold
SubType Residential Income
Lot Size (Acres) 0.25
Property Tax 5761.32
Year Built 1972
Interior
Laundry None
Interior Features Cable Available
Exterior
Foundation Block
Roof Shingle
Construction Brick Partial, Wood Siding
Parking Other
# of Parking Spaces 8
Lot Features Corner Lot, Level
Amenities / Utilities
Water Source Public Sewer, Public
Location
Subdivision Original Town Lacon
Elementary School Midland
Middle School Midland
High School Midland
APN 04-36-109-003
Directions Route 26 To Third St.
Multifamily Details
Total # of Units 8
Net Operating Income 38559
Expense: Water/Sewer 3840
Expense: Operating 10840
Expense: Manager 1800
Expense: Trash 2100
Gross Income 55160
Gross Scheduled Income 55160
Lot/ Land Details
Road Surface Paved
$254K
Range: $198K-$309K
Last 30 days 
  • Aug 2024
    mls logo MLS # PA1252803
  • Aug 27, 2024 Listed
    $339,900
  • Year Property taxes Tax assessment
  • 2024
    $6,100 +5.9%
    $72,649 +8.9%
  • 2023
    $5,761 +4.4%
    $66,712 +10.49%
  • 2022
    $5,516 +5.4%
    $60,379 +7.9%
  • 2021
    $5,231 +0.5%
    $55,958 +3.6%
  • 2020
    $5,206 -3.0%
    $54,014 +1.25%
  • 2019
    $5,364 -0.9%
    $53,348
  • 2018
    $5,414
    $53,348
  • 521-523 3rd St
    $335K
  • Paar Area
    —
  • 61540
    $173K +2% y/y
  • Lacon
    $173K +2% y/y
No chart available
Statistics calculated by Movoto

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3/10
Midland Elementary School
public Grades PK, K-4
Midland Community Unit School District 7
8/10
Midland Middle School
public Grades 5-8
Midland Community Unit School District 7
5/10
Midland High School
public Grades 9-12
Midland Community Unit School District 7
Source: GreatSchools.org © 2026. All rights reserved.

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